2024 - Many aquaculture production problems slowly recover

2024 - Many aquaculture production problems slowly recover

According to forecasts, many difficulties will continue to affect the situation of seafood production and export, making recovery slow; Therefore, the Ministry of Agriculture and Rural Development has adjusted the 2024 seafood export target to reach 9.5 billion USD.

Adjust export item

According to statistics from the Department of Fisheries, total seafood production in 2023 will reach 9,269 million tons, an increase of 2% compared to the previous year; Among them, fisheries output reached 3,861 million tons, equivalent to the previous year; Aquaculture products reach more than 5,408 million tons, an increase of 3.5% compared to 2022.

However, the Vietnam Association of Seafood Exporters and Producers (VASEP) said that inflation is high, demand is decreasing, large warehouses exist, export prices are falling and there are difficulties and challenges in production and business. domestically has resulted in a slight decrease in exports. Specifically, by the end of November 2023, export turnover reached 8.27 billion USD, down 19% compared to the same period in 2022. For the whole year of 2023, seafood export turnover reached 9.2 billion USD, down 17% compared to 2022. Of which, shrimp is about 3.45 billion USD; Pangasius about 1.9 billion USD; Specifically, about 0.8 billion USD; about 0.9 billion USD...

Main markets such as the US recorded the sharpest decline in minerals with 32%; China decreased by 15%; Japan, Korea, EU reduced by 10 - 20%. An emerging market has growth but its contribution is insignificant. This decline has affected the business results of seafood export enterprises.

Because the results in 2023 will only reach 85 - 90% compared to 2022, Sao Ta Food Joint Stock Company must adjust its business plan and revenue will decrease by 17.5% to plan for the beginning of the year, corresponding to the decreased by 1,030 billion VND, about 4,870 billion VND. Pre-tax profit decreased by 25% compared to the plan at the beginning of the year, corresponding to a decrease of 100 billion VND, about 300 billion VND. With the current market forum, this industry will only maintain this reduced target level for 2024.

Faced with that situation, the Ministry of Agriculture and Rural Development has reduced the export target for 2024 to only 9.5 billion USD (in 2023 the target is 10 billion USD); Total output is 9.22 million tons, aquaculture area is 1.3 million hectares.

More recipes in 2024

Explaining the reason for adjusting the export target, the representative of the Department of Fisheries said that 2024 is a year of many difficulties, especially because the European Commission (EC) maintains a yellow card warning for products. glass mining products of Vietnam In addition, import demand has not shown signs of recovery, the competitive strength of the market and the existing quantity of processing and exporting enterprises. For aquaculture, in addition to transmitting the origin from the farming facility to the transformation and export factory, ensuring food safety, correct use and enhancing microbial products to ensure quality.

Also according to VASEP Communications Director Le Hang, inflation in major countries has been restrained, the world economy has escaped the bottom but has recovered slowly, affecting demand for seafood consumption. The Russia-Ukraine conflict, fighting in the Middle East and other major geopolitical issues are sure to mix global trade including seafood products. The related system is increased operating costs, increased prices of input products for farming and seafood processing. It is also possible that dangerous storms will affect the demand for seafood in 2024. The cycle of price reduction of many types of seafood may continue until the end of the first half of 2024.

Regarding the market, the US is currently recovering slowly and there is an increasing trend of importing cheap shrimp from Ecuador. Therefore, exporting to this market will be more difficult if tax support measures (CVD) are applied. China's demand recovers stronger but prices are low and difficult to compete with.

On that side, feed costs are huge for both the shrimp and pangasius farming industries. Shrimp continues to face competition with Ecuador and India in terms of price and supply, the oversupply situation may continue until the first half of the year (world shrimp production in 2024 will increase by 4.8% to 5.9 million). ton). Regarding pangasius, existence in the US, China, and EU markets is no longer a problem. Export prices will still increase again in markets. In addition to frozen filet products, the trend of importing value-added pangasius and by-products (fish maw, pangasius patties) continues to increase.

In particular, if the yellow card cannot be removed by 2024, woodblocks will be produced in the EU because the procedures for certifying and proving exploited aquatic products are not complete due to insufficient resources, human resources and infrastructure. feedback…

Faced with such regulations, the Ministry of Agriculture and Rural Development requires the Department of Fisheries to continue closely following the market situation, producing safe food and products in seafood production and trading. Implement traceability and confirm commitment to fight IUU…

Thoroughly grasping the guiding spirit, in 2024, the Department of Fisheries continues to deploy synchronously and consistently from the Central to local levels to implement the provisions of the 2017 Fisheries Law, tasks and solutions of the Fisheries Development Strategy. production to 2030, vision to 2045. Implementing the proposed Strategy is to reduce exploitation and increase aquaculture. Develop the fisheries economy in a sustainable direction, adapt to climate change, improve the competitiveness of aquatic products, and increase exports.

Besides, continue to organize chain-linked and horizontal production; In the field of exploitation, the origin of products must be traceable and combat illegal fishing; Exploitation must be consistent with resource reserves and ensure food safety on fishing vessels and fishing ports returning to the factory. In the issue of reducing emissions and increasing green production, animal welfare is also an issue for the aquaculture sector in the coming time. This is not only a demand of the domestic market but also a trend in the world consumer market in the coming time.

Source: daibieunhandan.vn

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